I'm not sure how peelable a Waterford label is, but if it was a paper type which was gummed, not self-adhesive, then it would be a doddle to transfer it over.

In fairness to the seller, I did point out that I would ask my contacts to confirm whether Chance ever supplied Waterford (the only way I can see the label would get affixed legitimately) and he has replied:

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Hi Thank you again for your email, any additional information that you fnd out is appreciated.